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Replies: 13
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All-TigerNet [11106]
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Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 12:01 PM
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"contract workers", will they have to file income taxes in every state in which they compete?
Several years ago I dated a girl who was an actress in a musical that toured the US. She had to file taxes in 31 states that year. SO, if there was a football game AT FSU...would the Clemson player have to file taxes in Florida that year?
Call me curious and thinking about what a nightmare that would be for some, but a business opportunity for others.
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CU Guru [1466]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 12:10 PM
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wish i had the spare time to day dream about all of these things that hadn't happened yet
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Orange Blooded [3257]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 12:14 PM
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That’s an absolute yes. 1099 forms just like any NIL dollars. I hope they charge them taxes on the scholarship, room, board, tuition, and books. The estimated value of a four year full ride comes to around $400k estimated value received. Better start hiring more CPA’s! Lol
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110%er [8073]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 1:17 PM
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Let's say Clemson provides a player a 1099 or W-2. Said player then files their tax return in SC or their home state. How would the other states know they are owed money? For example, I once worked in Cleveland for three months as our factory was struggling. Ohio had no way of knowing I was temporally working in their state so there were no tax consequences.
Another question is if you traveled with the team but did not play would you still have to pay?
BTW, I think the who tax process s*cks.
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All-Conference [442]
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All-TigerNet [11215]
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Good question, but in Florida they dont have to pay
1
Apr 4, 2024, 12:17 PM
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Income taxes do they? I wonder how or if that becomes a great recruiting advantage for them.
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Oculus Spirit [96982]
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Orange Blooded [2858]
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One federal form 1040 would cover all the income, but state income tax
Apr 4, 2024, 12:29 PM
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returns would be due in most every other state.
As of 2023, nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — do not levy a state income tax.
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110%er [8633]
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Some booster state rep is probably already drafting legislature in LA, AL, and
Apr 4, 2024, 1:00 PM
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GA to fight the tax related recruiting advantages of the FL and TN schools
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Freshman [6]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 12:29 PM
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To answer you more precisely, a return would probably not be required in Florida. Florida does not have individual state income tax, but part year or non-resident returns could be required in almost any taxing district (beyond certain minimums). Additionally, returns and taxes could be required in counties, cities, townships, etc.
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CU Guru [1674]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 12:35 PM
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Yes. I work outside of my state of residence. State income tax is paid to both. There is a split format hat is used.
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All-TigerNet [11106]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 1:24 PM
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I suppose FSU was a bad example to use since FL doesn't have state income tax.
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Athletic Dir [871]
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It would follow the model of pro sports, and the answer is yes they would file
Apr 4, 2024, 1:45 PM
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in every state they play. And you can bet Clemson would provide services to ease that process for its athletes, as it's a competitive advantage to help with that process and virtually every school would offer 'help' with that.
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All-In [25962]
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Re: Question for you CPA types...If athletes eventually become "employees" or
Apr 4, 2024, 4:15 PM
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I suppose a loophole might be if schools only paid the athletes for the games they play in state. The away games would be non paid exibition games.
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